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Gambling views among Protestants vary with some either discouraging or forbidding their members from participation in gambling.

For example, the United Methodist Church opposes gambling which they believe gambling is a sin that feeds on greed.

Gambling dates back to the Paleolithic period, before written history.In China, gambling houses were widespread in the first millennium BC, and betting on fighting animals was common.Lotto games and dominoes (precursors of Pai Gow) appeared in China as early as the 10th century.Nonetheless, both insurance and gambling contracts are typically considered aleatory contracts under most legal systems, though they are subject to different types of regulation. An interesting wrinkle to these fact pattern is to ask what happens when the person trying to make recovery is the gambler's spouse, and the money or property lost was either the spouse's, or was community property.Under common law, particularly English Law (English unjust enrichment), a gambling contract may not give a casino bona fide purchaser status, permitting the recovery of stolen funds in some situations. This was a minor plot point in a Perry Mason novel, The Case of the Singing Skirt, and it cites an actual case Novo v. Religious perspectives on gambling have been mixed.

Because contracts of insurance have many features in common with wagers, insurance contracts are often distinguished under law as agreements in which either party has an interest in the "bet-upon" outcome beyond the specific financial terms.